At a Glance
- Tasks: Lead the development of innovative motor insurance strategies and collaborate with a dynamic team.
- Company: Join ERS, the UK's largest specialist motor insurer with an A+ rating.
- Benefits: Enjoy competitive salary, career growth, and a supportive work environment.
- Other info: Be part of a forward-thinking company focused on sustainable growth.
- Why this job: Make a real impact in the insurance industry while working with experts.
- Qualifications: Proven experience in underwriting and strong analytical skills required.
The predicted salary is between 50000 - 60000 £ per year.
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ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it’s a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer's needs.
The role ERS is a leading underwriter of a wide range of specialist motor insurance products. Within ERS' strategy of being the UKs leading specialist motor insurer, our focus is on delivering sustainable, high margin growth through the provision of quality propositions to a wide range of broker partners. The Senior Underwriter's primary responsibilities are for the execution of our underwriting strategy and development of our underwriting appetite, working closely with the Pricing and Technology teams, as well as other stakeholders across the business including our operations teams.
Key responsibilities:- Leading the development of the underwriting strategy for our product(s) based on your market knowledge and product expertise whilst being responsible for executing the underwriting strategy through working with the product delivery team.
- Contributing to the management of portfolio performance through the analysis of results, execution of our selection and pricing strategies and providing recommendations that will drive continuous performance improvement, thus ensuring that we will meet or exceed our financial plans.
- Working alongside the Product Performance Analysts within the team, providing them with direction and support to improve their knowledge and utilising their skills to support the delivery of our strategic goals.
- Providing input to constantly refine our underwriting appetite to ensure that we take advantage of market opportunities and outperform our peers through superior risk selection and proactive management of our business mix.
- Acting as a point of technical referral from other members of the underwriting team, brokers, and other internal functions, using your extensive risk, product and pricing knowledge to inform appropriate decisions in respect of those referrals.
- Provide feedback to Product Managers & Heads of Class and to members of our Pricing team relating to the effectiveness of our risk pricing models to help us constantly drive enhanced sophistication and accuracy in our risk pricing.
- Working closely with all areas of the business to ensure that we deliver a clear and seamless set of propositions to the market.
- Providing substantial contribution to our "first line of defence" activities, using audit and peer-review tools, complimented by exception reporting and performance MI, to constantly assess and monitor our underwriting activities to ensure that all business is being written in accordance with our stated underwriting authorities, agreed processes and in compliance with our regulatory and conduct standards.
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Essential qualifications, skills and experience:This role carries strategic input and financial responsibility as well as being recognised as a market leading subject matter expert in our product(s). We therefore require our role-holders to demonstrate leadership and management capabilities and to possess the following skills, attributes and knowledge:
- The ability to collaborate with a talented team of people towards the achievement of a set of challenging financial targets.
- Possessing extensive technical knowledge of the product(s), including the features of the product, factors that drive product performance, market dynamics which influence how the product is delivered and the requirements of customers using the product(s).
- To demonstrate gravitas and clarity of purpose which will give confidence to senior stakeholders, both internally and externally.
- The ability to produce coherent and comprehensive Microsoft PowerPoint presentations to be presented at various committees, including senior stakeholders, both internally and externally.
- Extensive commercial awareness, being able to spot and take advantage of opportunities and to fulfil their role in a way which enhances our financial performance.
- Detailed understanding of pricing practices and methodologies with the ability and experience to help us constantly enhance our pricing capability, providing insight and feedback on our pricing models.
- Effective Communication Skills
- Initiative & Change
- Driving & Delivering Results
- Planning & Organising
- Analytical Mindset
- Problem Solving
- Decision Making
- Commercial Awareness (including Financial Awareness)
- Building Relationships
- Strategic Thinking
- Leadership
A full job description will be found here.
SHIFT Guide - Senior Social Worker employer: ERS Administration Services
ERS is an exceptional employer, offering a dynamic work environment in London where innovation and collaboration thrive. With a strong focus on employee growth, we provide opportunities for professional development and the chance to work alongside industry experts in specialist motor insurance. Our inclusive culture values diverse perspectives, ensuring that every team member can contribute meaningfully to our mission of delivering high-quality insurance solutions.
Contact Details:
ERS Administration Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land SHIFT Guide - Senior Social Worker
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and practising common questions. We recommend using the STAR method to structure your answers – it helps you showcase your skills effectively!
✨Tip Number 3
Don’t just wait for job alerts! Be proactive and apply through our website. Tailor your application to highlight how your experience aligns with the role – it shows you're genuinely interested.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can leave a lasting impression and keep you top of mind. Plus, it shows your enthusiasm for the position.
We think you need these skills to ace SHIFT Guide - Senior Social Worker
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Underwriter role. Highlight your relevant experience and skills that align with our underwriting strategy and market knowledge. We want to see how you can contribute to our team!
Showcase Your Expertise:Don’t hold back on showcasing your technical knowledge of motor insurance products. Use specific examples from your past experiences to demonstrate your understanding of market dynamics and risk selection. This will help us see you as a subject matter expert!
Be Clear and Concise:When writing your application, keep it clear and to the point. Use straightforward language and structure your thoughts logically. We appreciate a well-organised application that makes it easy for us to see your qualifications.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen to join our team at ERS!
How to prepare for a job interview at ERS Administration Services
✨Know Your Stuff
Make sure you brush up on your technical knowledge of motor insurance products. Understand the features, market dynamics, and customer needs. This will help you demonstrate your expertise and confidence during the interview.
✨Showcase Your Leadership Skills
Prepare examples that highlight your leadership and management capabilities. Think about times when you've successfully collaborated with a team to achieve financial targets or improved performance. This will show that you're not just a good fit for the role, but also a potential leader.
✨Be Ready to Discuss Strategy
Familiarise yourself with underwriting strategies and how they impact portfolio performance. Be prepared to discuss how you would refine underwriting appetites and take advantage of market opportunities. This shows that you can think strategically and contribute to the company's goals.
✨Practice Your Presentation Skills
Since you'll need to present to senior stakeholders, practice creating and delivering clear, coherent presentations. Use PowerPoint to showcase your ideas and ensure you can communicate effectively. This will help you stand out as a candidate who can engage and inform others.
